In the weekly storage report issued by the U.S. Energy Information Administration, storage inventories showed a decrease of 237 Bcf for the week ending December 23rd. The drawdown exceeded expectations from analysts and was the largest seasonal drop since December 2013.
EIA Natural Gas Storage Data:
- Total (12/23/16): 3,360 Bcf
- Total (12/16/16): 3,597 Bcf
- Net change: -237 Bcf
- Implied flow: -237 Bcf
- Year ago stocks: 3,773 Bcf
- % change from year ago: -10.9 %
- 5-year avg stocks: 3,439 Bcf
- % change from 5-year avg: -2.3 %
